On September 18, 2025, BNB, the cryptocurrency of Binance, reached a new all-time high of over $1,000. Analysts attribute this surge to a recent rate cut by the US Federal Reserve and positive news about ongoing negotiations with the US Department of Justice regarding the possible end of external monitoring imposed under a plea agreement. At the time of writing, BNB is trading at $992, according to TradingView. The asset continues to rank among the top five cryptocurrencies by market capitalization, which currently stands at $138.35 billion. Trading Volume and Historical Milestones BNB’s 24-hour trading volume exceeded $3.73 billion, growing 11.45% in a single day, highlighting strong market activity. Previously, on July 23, 2025, BNB surpassed $800 for the first time following the 32nd quarterly burn, which removed 1,595,599 BNB worth roughly $1.02 billion from circulation. Over 39 million coins remain to be burned to reach the target emission. In addition, a major network upgrade announced by BNB Chain developers will increase blockchain throughput, supporting up to 5,000 DEX swaps per second, with a tenfold increase in block gas limit to 1G. Institutional Support and Market Expectations Institutional initiatives have also bolstered BNB’s position: CEA Industries and 10X Capital, backed by YZi Labs (formerly Binance Labs), announced a $500 million private share placement and $750 million in warrants to create the largest publicly traded BNB reserve. CEA Industries also formed a corporate BNB reserve worth $160 million, becoming the largest public company in terms of BNB holdings. B Strategy revealed plans to create a company managing a $1 billion BNB reserve. Meanwhile, anticipation is rising for the first US spot BNB ETF. REX Shares and Osprey Funds have filed applications with the US Securities and Exchange Commission, and trading could begin on November 9, 2025, pending approval. Finally, Binance’s partnership with Franklin Templeton acted as an additional catalyst, pushing BNB above $900 on September 10, 2025.
